My husband his brother verbally agreed that we would get the house, but now his brother wants the house because home prices have increased. What should we do, Moneyist?
Four years ago, my husband and I moved into his mother’s home because she was no longer able to take care of herself. My husband is disabled and cannot do a lot physically. After the first year, I quit my job because my mother-in-law’s health declined even more. As of today, she is in a hospice.
My question is: After she dies, will he be able to kick us out of his mother’s house? Would the verbal agreement they made hold up over the will? Is there anything we can do to stop him from kicking us out?You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected], and follow Quentin Fottrell on Twitter.You have done your mother-in-law a great service. There are approximately more than one in five unpaid adult caregivers in the U.S.
Verbal contracts Verbal contracts are enforceable in Tennessee, but best avoided. There are six types of contracts that must be done in writing. They include marriage contracts, those longer than one year, the promise of an administrator or executor to pay the debts of a deceased person’s estate, sales of goods and property that cost more than $500 — and land/property contracts.
There are other questions that remain unanswered: What does the will say? Is the house paid off? Can you afford to buy your brother-in-law out if the house is divided between the two brothers? These are all hard lessons to learn, but ones that are not so uncommon among caregivers who devote years of their lives to an elderly relative, sometimes at great financial and personal cost.
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